Illinois CPA Society
Quality Control (KYC) - Assistant Vice President
Illinois CPA Society, Purchase, New York, United States, 10577
Company Profile
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries.
As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
Department Profile
The Anti-Money Laundering Risk (AML Risk) Team is embedded within the Firm's business line. It is responsible for identifying, assessing, and escalating potential money laundering and reputational risk issues associated with higher risk client types. The AML Risk Team is considered the first line of defense and supports the onboarding, enhanced due diligence, and negative news processes for Morgan Stanley.
Primary ResponsibilitiesPerform an end-to-end Quality Control KYC review of new onboarding and periodic review files as an individual contributorDetermine sampling population in accordance with proceduresAssist in preparing ongoing and ad hoc reporting for senior managementReport metrics and communicate results to senior management and stakeholdersShare any required feedback with QC Analysts to ensure consistency / standardize findingsEscalate weekly results with Quality Control Bank Officers for final review and sign-off#LI-AJ1Qualifications
Required Experience:
Minimum undergraduate degree in related fieldMinimum 3-5 years of experience in financial crimes/AML compliance testing, Audit or similar related QA/QC testing experienceSkills Required:
Strong knowledge of AML regulatory requirements and expectations (Domestic - US and International - non-US) , MS AML Risk policies and procedures, KYC standards, and QC Program and proceduresGood managerial, communications, analytical, project management and planning skills to be able to implement QC Testing Program including sampling methodology, developing metrics and reporting, and coordinating with QC Analysts to drive consistency in QC testing and outcomes as appropriateGood knowledge of business, products, operations, systems and organization to be able to implement the QC programBasic knowledge of MS Office (Microsoft Excel/PowerPoint/Word/Access)Ability to:
Take initiative, analyze, summarize, and communicate effectivelyInvestigate, identify issues, impacts and trends as a result of QC testing to propose comprehensive solutionsIdentify and recommend improvements to the QC ProgramMultitask effectively and action matters promptlyWork independently and in a team environmentHandle highly confidential information with appropriate discretionWork in a high volume, fast paced environmentWork in a matrixed organization, leveraging resources across the organization in order to perform QC activity and make recommendations based on QC findingsCollect data, develop trend analysis, and prepare reporting of key QC metrics for relevant stakeholdersAdditional Skills Desired:
Certified as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license/audit/control testing certification (is a plus)Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.
It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).
Expected base pay rates for the role will be between $85,000 and $135,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.
#LI-AJ1
#J-18808-Ljbffr
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries.
As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
Department Profile
The Anti-Money Laundering Risk (AML Risk) Team is embedded within the Firm's business line. It is responsible for identifying, assessing, and escalating potential money laundering and reputational risk issues associated with higher risk client types. The AML Risk Team is considered the first line of defense and supports the onboarding, enhanced due diligence, and negative news processes for Morgan Stanley.
Primary ResponsibilitiesPerform an end-to-end Quality Control KYC review of new onboarding and periodic review files as an individual contributorDetermine sampling population in accordance with proceduresAssist in preparing ongoing and ad hoc reporting for senior managementReport metrics and communicate results to senior management and stakeholdersShare any required feedback with QC Analysts to ensure consistency / standardize findingsEscalate weekly results with Quality Control Bank Officers for final review and sign-off#LI-AJ1Qualifications
Required Experience:
Minimum undergraduate degree in related fieldMinimum 3-5 years of experience in financial crimes/AML compliance testing, Audit or similar related QA/QC testing experienceSkills Required:
Strong knowledge of AML regulatory requirements and expectations (Domestic - US and International - non-US) , MS AML Risk policies and procedures, KYC standards, and QC Program and proceduresGood managerial, communications, analytical, project management and planning skills to be able to implement QC Testing Program including sampling methodology, developing metrics and reporting, and coordinating with QC Analysts to drive consistency in QC testing and outcomes as appropriateGood knowledge of business, products, operations, systems and organization to be able to implement the QC programBasic knowledge of MS Office (Microsoft Excel/PowerPoint/Word/Access)Ability to:
Take initiative, analyze, summarize, and communicate effectivelyInvestigate, identify issues, impacts and trends as a result of QC testing to propose comprehensive solutionsIdentify and recommend improvements to the QC ProgramMultitask effectively and action matters promptlyWork independently and in a team environmentHandle highly confidential information with appropriate discretionWork in a high volume, fast paced environmentWork in a matrixed organization, leveraging resources across the organization in order to perform QC activity and make recommendations based on QC findingsCollect data, develop trend analysis, and prepare reporting of key QC metrics for relevant stakeholdersAdditional Skills Desired:
Certified as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license/audit/control testing certification (is a plus)Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.
It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).
Expected base pay rates for the role will be between $85,000 and $135,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.
#LI-AJ1
#J-18808-Ljbffr